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NguallaProjectdiscovery TO DEVELOPMENTa large NEW rare earth resource 17th April 2012

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DisclaimerThe information contained in this presentation is for information purposes only and has been extracted entirely from documents or materials publiclyfiled with the Australian Stock Exchange and/or the Australian Securities and Investments Commission. This presentation is not an offer or invitation tosubscribe for or purchase securities in the Company.The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions intowhich this presentation is released, published or distributed should inform themselves about and observe such restrictions.The Company does not warrant that the information contained in this presentation is accurate or complete. The information has been prepared on a bestendeavours basis. Recipients of this presentation assume all risk and liability resulting from the use of the information contained in this presentationincluding but not limited to consequential damages.To the extent that the presentation contains any projections or other forward looking statements, those statements involve a number of known andunknown risks, uncertainties and other facts that may cause actual performance to be materially different from those expressed or implied by thosestatements. These forward looking statements are not historical facts but rather are based on Peak’s current expectations, estimates, projections andbeliefs and assumptions regarding future performance. Words such as “scenario”, “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”,“estimates”, “forecasts” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of futureperformance and are subject to known and unknown risks, uncertainties and other factors.In providing this presentation, Peak Resources Limited has not considered the financial position or needs of the recipient. Persons needing advice shouldconsult their stockbroker, bank, manager, solicitor, accountant or other independent financial and legal advisors.Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in thispresentation and should obtain independent professional advice before making any decision based on the information.Competent Person StatementThe information in this presentation relates to Exploration Results based is based on information reviewed by David Hammond who is a Member of theAustralasian Institute of Mining and Metallurgy, David Hammond is a Director and full time employee of the Company. He has sufficient experience whichis relevant to the mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent Personas defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources ad Ore Reserves’. David Hammondconsents to the inclusion in this report of the matters based on his information in the form and context in which it appears.Not for release or distribution in the United States. 2

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Maiden JORC Resource 29th February 2012• Ngualla Mineral Resource – 1.0% and 3.0% cut off gradesClassification of Mineral Resources for the Ngualla Rare Earth Project, 1.0% and 3.0% REO cut-off grades. Lower cut – off Resource Tonnage REO Contained grade Category (Mt) (%)* REO tonnes Measured 29 2.61 750,000 Indicated 69 2.43 1,700,000 1.0% REO Inferred 72 1.92 1,400,000 Total 170 2.24 3,800,000 Measured 11 3.99 430,000 Indicated 21 4.09 850,000 3.0% REO Inferred 8.7 4.11 360,000 Total 40 4.07 1,600,000*REO (%) includes all the lanthanide elements plus yttrium oxides.The information in this report that relates to Mineral Resources is based on information compiled by Rob Spiers, who is a member of The Australasian Institute of Geoscientists. Rob Spiers is an employee of geologicalconsultants Hellman and Schofield Pty Ltd. Rob Spiers has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as aCompetent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Rob Spiers consents to the inclusion in the report of the matters basedon his information in the form and context in which it appears. 9

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Resource UpsideBlock Model OPEN OPEN Ngualla Hill OPEN SW Alluvials B Southern Rare Earth Zone A A 150m OPEN OPEN 700m 1km OPEN Southern Rare Earth Zone OPENMineralisation is open to the REO %: A >4% Bnorth, south and with depth A 3 to 4% OPENbelow 150m A 2 to 3% A 1 to 2% 15